A new strategy to estimate time-to-build completion rates

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Abstract

Time-to-build completion rates can be estimated individually: under the restrictions that they are positive values summing up to one. As an alternative strategy, we may use the beta distribution as a restriction and calculate the corresponding completion rates collectively. The estimation results of a time-to-build model indicate that imposing the beta distribution may successfully preclude unrealistic completion pattern and improve fit of the model to data.

Original languageEnglish
Pages (from-to)1073-1081
Number of pages9
JournalEconomics Bulletin
Volume2
Issue number1
StatePublished - 2013

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